Argentine province expects Big Oil to bid in shale block auction

Source: Reuters

04.30.2014

Argentina's Neuquen province expects major global energy companies, including Royal Dutch Shell, Chevron Corp and Exxon Mobil Corp , to bid in a May auction of 11 oil blocks, its energy minister said on Wednesday.

The exploration and development blocks include conventional and unconventional oil and gas resources, most of them in the vast Vaca Muerta shale formation, considered one of the world's biggest shale deposits.